I am 24 and want to invest Rs 5,000 through SIPs in HDFC Mid-Cap Opportunities. Is it a good choice?
Sourish Sen, Kolkata
You come across as a first time investor in mutual funds and it is commendable for you to consider investing through SIPs in them. The choice of HDFC Mid-Cap Opportunities is good and the fund features in the OLM Elite list under the high risk Adventurer portfolio. As you are a first time investor, you will be advised to consider investing in less risky fund like a balanced fund – HDFC Balanced or SBI Balanced to start with. Invest the same sum that you plan and observe how the investments get allocated to units and they fare over the next six months. Once you get a hang of how mutual fund investing works, you could plan to then invest in other funds, including the one you mention, as long as you understand the risk associated when investing in it.
